How will a cashless society affect the poorest ?

This economic metamorphosis affects everyone, not just the most extremely poor. In our struggling economy, many middle-income families are trying to keep pace with the ever more challenging cost of living. In the post-Brexit period, the UK economy is expected to take a withering hit. People, as always, will want to control their spending and keep an eye on their finances, and the best way to do this is by using cash. The connection between card payments and higher spending is well-documented. If cash is no longer an option, the risk of cycles of perpetual spending problems among lower-income households is almost guaranteed.

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